Feb 11, 2008

Does Business NZ Not Support Personal Tax Cuts?

A coalition of business groupings has called for a cut in the top personal tax rate to 30% from the current 39%. Given that so many businesses in New Zealand are not incorporated (something like 40%) this would allow these businesses to catch up to the new company tax rate. This seems to make good sense, but it is surprising that Business New Zealand is not listed as supporting this initiative.